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The U.S. dropped out of the top 10 in the 2018 Bloomberg Innovation Index for the first time in the six years the gauge has been compiled.South Korea and Sweden retained their No. 1 and No. 2 rankings.The U.S. fell to 11th place from ninth mainly because of an eight-spot slump in the postsecondary, or tertiary, education-efficiency category, which includes the share of new science and engineering graduates in the labor force.Japan, one of three Asian nations in the top 10, rose one slot to No. 6 .France moved up to ninth from 11th, joining five other European economies in the top tier. The 2018 ranking process began with more than 200 economies.
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